Perdue expects $600 million budget shortfall

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ATLANTA — Economic woes are hitting home in Georgia.

Gov. Sonny Perdue announced Wednesday that state has not met its budget projections for the fiscal year that ended in June. He'll be taking about $600 million from the state's $1.5 billion reserve fund to cover the shortfall.

Perdue said he wasn't surprised that the state has a deficit. But he said the size of it was larger than he'd expected.

Perdue said he will need to make some tough budget choices in the fiscal year that starts July 1.

For the fiscal year that wrapped up in June, sales tax receipts are down 2.3 percent as Georgians responded to the bleak economic picture by spending less.

 
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